-U.S. CPI down 0.4% in past year, core CPI up 1.8% .
-U.S. March industrial production down 1.5% vs -0.8% expected .
-U.S. March capacity utilization falls to record low 69.3% .
Event of the Day:
- Federal Reserve Chairman Ben Bernanke speaks (13:30). Forex Factory expected a hawkish effect.
- Fed Beige Book (14:00) .
SPY Analysis:
-Market open gap down.
-2 Days 5 minutes chart forms a downside channel that suitable for scalping.
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